Tag "regulation"

A new report by finance and accounting professor Paul Barnes released in November 2018 explores the cryptocurrency market, highlighting its susceptibility to speculative bubbles, manipulation, scams and fraud. The paper, which was presented at a blockchain and cryptocurrency conference organized

Hong Kong is gearing up for the arrival of virtual banks, or financial institutions without physical branches. The Hong Kong Monetary Authority (HKMA) is set to issue the first batch of virtual bank licenses as early as this year. The

China is undeniably the world leader in fintech, hosting some of the most innovative and successful companies in the sector, including Alibaba’s Ant Financial worth a whopping US$150 billion and Lufax, China’s largest online wealth management platform worth an estimated

The Hong Kong Securities and Futures Commission (SFC) has taken a critical tone on initial coin offerings (ICOs), qualifying many of these as “dubious, if not downright frauds.” In a speech at the Hong Kong Investment Funds Association on April

The Hong Kong government will be allocating HK$500 million over the next five years to support its financial services industry, including the development of fintech, Hong Kong’s financial secretary Paul Chan said on February 28. In his annual budget speech,

In recent years, crowdfunding has emerged as a popular way for individuals, startups and businesses to raise funding from a global audience of investors. Crowdfunding refers to the practice of funding a project or venture by raising money from a

Hong Kong is ramping up its support for fintech and insurtech innovation with new rulings and bold initiatives that are intended to accelerate development and facilitate collaboration. Many of these initiatives are being undertaken by the Hong Kong Monetary Authority

Although the fintech market in Taiwan is relatively small and still at a very early stage of development, there is huge potential for growth considering Taiwan’s large pool of highly educated and tech-orientated workforce, vigorous entrepreneurship spirit and sophisticated ICT

Fintech is set to transform the financial services landscape and presents both opportunities and challenges. But for Hong Kong to capitalize on the trend and become a leading fintech center within the region and one of the leading centers in

Only 51% of Hong Kong institutions have adopted a ‘disruptive’ strategy, compared to 56% globally and 59% in China, according to the PwC Global Fintech Survey 2017. However, 82% of financial institutions in Hong Kong intend to form partnerships with

Hong Kong is expected to see a boost in fintech activity after a relatively disappointing year in 2018 as the region saw a sharp dip in the total value of The post A Snapshot of Fintech in Hong Kong in 2019 appeared first on Fintech Hong Kong.